Car insurance is essential to avoid financial liability in case of a damaged vehicle. If you own a car in Toronto, it's crucial to choose the right insurance provider or broker. In this article, we'll review the top five car insurance companies and brokers in Toronto based on their coverage and payment plans.
However, before we dive into the reviews, let's first consider the cost of car insurance in Toronto and the risks of driving without it.
Understanding the Cost of Car Insurance in Toronto
Car insurance rates vary depending on several factors, including:
- The type of vehicle you drive
- Your personal profile, such as age and gender
- Your driving habits and experience
- Your insurance history
In Toronto, the average annual premium for car insurance ranges from $2,071 to $2,252, or $172 to $188 per month. This cost is relatively high compared to other cities in Ontario.
Driving without insurance is a severe offense in Ontario, and the penalties can be steep. For instance, if you get caught driving without insurance, you could face fines ranging from $5,000 to $50,000. Moreover, your car can be impounded for up to three months, and your driver's license can be suspended for up to a year.
Therefore, we highly recommend that you obtain car insurance as soon as possible to avoid the consequences of driving without it. With that in mind, let's move on to our list of the best car insurance providers in Toronto.
Best Car Insurance in Toronto
What to Consider Before we dive into our reviews of the top car insurance providers and brokers in Toronto, there are a few things to keep in mind.
In Toronto, every standard car insurance policy includes mandatory coverage for third-party liability, accident benefits, uninsured automobile insurance, and direct compensation for property damage. Therefore, in our reviews, we will focus on additional coverage (if any) and other services and features that could make a significant difference when choosing a provider.
It's worth noting that the minimum amount of car insurance in Toronto is $200,000 in third-party liability. Also, keep in mind that insurance rates are unique to each individual, so a policy with lower rates may not necessarily be the best option for you.
Finally, it's important to remember that some of the providers listed here are insurance brokers rather than direct providers. We'll indicate which ones in their names.
1. Canadian Auto Association (CAA)
| SERVICES | Auto insurance, home insurance, life insurnce, health and dental insurance, pet insurance |
| WEBSITE | https://www.caasco.com/insurance/auto |
| ADDRESS | 20 Marie Labatte Rd, Toronto, ON M3C 0H9, Canada |
| CONTACT DETAILS | +1 416-449-9442 |
| OPERATING HOURS | Monday – Saturday: 11:00 AM – 7:00 PM |
CAA has been assisting Canadians with staying safe, mobile, and protected for over 115 years.
On topics such as road safety infrastructure and consumer rights, we are strong advocates and a voice for our members.
We provide Roadside Assistance, home and vehicle insurance, travel services, and travel insurance, among other things.
CAA Members can also save money at a variety of partnering partner retail sites and services throughout North America.
CAA South Central Ontario and CAA Manitoba announced in January 2016 that they would unite and work together to keep members safe. The Board of Directors and Members made the historic merger official in October 2016. We are thrilled to be recognized as CAA Club Group as a result of this merger. This new collaboration exemplifies our organization's success and growth.
With over two million Members in South Central Ontario and 200,000 Members in Manitoba, we are Canada's largest non-profit car club.
We take pride in being there for Canadians in good times, hard times, and everything in between.
We have built a legacy of offering excellent Member experiences throughout our history, and we seek to better the lives of our Members and Associates in all we do.
CAA Club Group, as a corporation, is constantly striving to improve our value to Members and Associates while remaining socially responsible.
Our purpose is to keep Canadians safe, mobile, and protected on the road, at home, and abroad. We contribute to making our Members' days better. We do what is best for our members since, after all, we are all members!
2. Belairdirect
| SERVICES | Car insurance, home insurance |
| WEBSITE | https://www.belairdirect.com/ |
| ADDRESS | 700 University Ave #1100, Toronto, ON M5G 0A2, Canada |
| CONTACT DETAILS | +1 833-885-2650 |
| OPERATING HOURS | Monday – Friday: 8:00 AM – 8:00 PM Saturday: 8:00 AM – 5:00 PM |
In our perspective, Belairdirect has numerous fascinating features that set it apart as an insurance provider. Here are some things we believe you will value as a client.
First, you can use the automerit® program to control how much you spend for automobile insurance. This software uses sensors to determine how safely you've been driving; the safer you are, the more money you can save.
By the way, this program allows you to save up to 25%, which is a fantastic offer. We advocate using it because it is already included into the Belairdirect app.
In terms of the app, it includes all of the tools you need to make things easier for you. You can use it to take images for a claim, view your billing information, access your pink slip, and call for roadside help.
If you want to use the roadside assistance service, it costs $3.75. Actually, we think it's a fantastic price because it includes tire changing, battery charging, gas delivery, and door unlocking services.
To summarize, you can save money by bundling your auto and home insurance here. They also provide exceptional deals such as multi-vehicle insurance with premium savings of up to 15%.
3. Intact
| SERVICES | Car insurance, motorcycle insurance, roadside assistance, RV insurance, ATV and snowmobile insurance, boat insurance, home insurance |
| WEBSITE | https://www.intact.ca/on/en/personal-insurance.html |
| ADDRESS | 700 University Ave, Toronto, ON M5G 0A1, Canada |
| CONTACT DETAILS | +1 844-489-3768 |
| OPERATING HOURS | Monday – Friday: 8:00 AM – 5:30 PM |
More than four million customers choose Intact Insurance, Canada's leading provider of home, vehicle, and business insurance. With a presence from coast to coast and a solid working connection with insurance brokers, the organization is able to give customers the exceptional service, comfort, and continuity they deserve. The largest supplier of property and casualty insurance in Canada and a top provider of specialty insurance in North America is Intact Financial Corporation (TSX: IFC), of which Intact Insurance is a member business. Visit www.intactfc.com for updates on Intact.
4.ThinkInsure (Broker)
| SERVICES | Auto insurance, home insurance, commercial insurance, life insurance, travel insurance, motorcycle insurance, classic car insurance, boat insurance, RV insurance |
| WEBSITE | https://www.thinkinsure.ca/ |
| ADDRESS | 5700 Yonge St. Suite 1900 Toronto, ON M2M 4K2 Canada |
| CONTACT DETAILS | +1 855-550-5515 |
| OPERATING HOURS | Monday – Friday: 8:00 AM – 6:00 PM Saturday: 9:00 AM – 5:00 |
For almost 45 years, ThinkInsure has taken great satisfaction in delivering professional and tailored insurance coverage and service to Alberta and Ontario individuals, families, and businesses.
We are an independently operated insurance agency in Canada that works with over 50 insurance providers. We offer unbiased insurance solutions to our consumers, ensuring they get the best coverage and lowest pricing for their needs.
Because ThinkInsure is a full-service independent insurance broker, we can provide our customers with unbiased insurance solutions from over 50 of Ontario's, Alberta's, and Canada's leading insurers. We do not favor any provider because we are independently owned, and we only base our coverage on the best answer for your clients' needs.
We provide a comprehensive range of personal and commercial insurance options, including:
- Car Insurance
- Home Insurance
- Business Insurance
- Travel Insurance
- Life Insurance
Our dedication is to our clients. As licensed experts, we provide customers with unbiased, knowledgeable, expert advice to assist them in making informed decisions about insurance coverage and problems.
ThinkInsure places a strong value on understanding our customers' insurance needs and building long-term partnerships with them. Each customer is assigned a personal service team dedicated to providing expert insurance advice and exceptional customer care.
We provide assistance, guidance, and representation throughout the insurance process, from obtaining the greatest coverage to filing an insurance claim. We communicate with insurance carriers on our customers' behalf to resolve coverage issues or help them resolve claims quickly and fairly.
ThinkInsure's workforce consists of highly skilled insurance specialists. Our insurance professionals in Ontario are licensed by the Registered Insurance Brokers of Ontario (RIBO) and must maintain their RIBO compliance through continuing education.
Our Alberta insurance professionals are licensed by the Alberta Insurance Council (AIC) and must maintain compliance standards through ongoing education.
To guarantee that our customers receive the greatest insurance advice, solutions, and service, we provide training and professional development from our insurance partners and other industry resources.
Here's some more information about what to expect from ThinkInsure:
- Insurance Intermediary Conduct Principles
- Your Broker's RIBO Fact Sheet
The insurance business is undergoing transformation. ThinkInsure is committed to investing in insurance technology, systems, and best practices in order to provide the greatest insurance experience for our consumers now and in the future.
We are collaborating with insurers, industry regulators, and technology vendors to improve all parts of the insurance experience.
ThinkInsure prioritizes our customers by providing an amazing customer service experience to meet your insurance needs. However, if we did not fulfill your expectations and you would like to contact us with feedback, please visit our concerns page and follow the instructions.
5. isure Insurance Inc.
| SERVICES | Car insurance, home insurance, business insurance, corporate insurance, bundled insurance, travel insurance, RV insurance, boat insurance, cottage insurance |
| WEBSITE | https://isure.ca/ |
| ADDRESS | 7000 Pine Valley Dr Suite 101, Woodbridge, ON L4L 4Y8, Canada |
| CONTACT DETAILS | +1 877-514-7873 |
| OPERATING HOURS | Monday – Friday: 9:00 AM – 8:00 PM Saturday: 10:00 AM – 4:00 PM |
Because we believe #choiceisimportant, we guarantee more policy and service options than any other internet insurance broker.
YOUR INSURANCE REQUIREMENTS ARE UNIQUE, AS ARE YOU. ISURE BELIEVES YOU DESERVE MORE OPTIONS.
Vanilla, strawberry, and chocolate ice cream are no longer the only flavors available. Tropicana used to come in three flavors (pulp, some pulp, and no pulp), but today there are 73. There are almost 80,000 different ways to sip a Starbucks. The majority of us today prefer things to be personalised. We want things to be unique to us. And we want to be the ones who make the decision. In fact, according to isure's Reinventing Insurance Survey, "freedom to choose" is the third most important trend in insurance. issure thinks you should be able to combine the greatest plans and choices for your benefit.
Consider us your personal insurance tailor.
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